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Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla

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A statement provided by Uber Advanced Technologies' head Eric Meyhofer explained the change, saying in part that Uber "believes having our entire team's energy and expertise focused on this effort is the best path forward". Levandowski left Uber shortly after Waymo made its accusations. The acquisition caused some trouble for Uber after Google parent-company Alphabet claimed that Otto was a shell company meant to deliver stolen technology by former Google engineer Anthony Levandowski ... Read More »

Trump tariff threats unlikely to yield trade deals

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You're not going to be too angry with Trump, I can tell you. "This, obviously, is a short-term solution that will give President Trump time to work on a long-term trade policy and deal to benefit agriculture, as well as all sectors of the American economy ", Perdue said. Read More »

Apple is climbing after topping Wall Street's earnings expectations (AAPL)

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This translated to diluted earnings per share of $2.34, compared to $1.67 during the same quarter in 2017. Analysts expected revenue of US$52.4 billion and earnings of US$2.18 a share. In the last quarter, Apple's services made $9.5 billion, making it the second-largest business segment for the firm. The Cupertino, Calif. -based company benefited from a 31% surge in Apple's booming Services division-it includes ApplePay, iCloud , and AppleMusic-and continued growth for iPhone and ... Read More »

With nimbler bikes, Harley sharpens Asia focus to revive growth

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The new designs include a new modular 500cc to 1250cc middleweight platform of motorcycles that spans three distinct product spaces and four displacements, starting with the company's first Adventure Touring motorcycle, the Harley-Davidson™ Pan America ™ 1250, a 1250cc Custom model and a 975cc Streetfighter model, all of which are planned to launch beginning in 2020. Read More »

Tesla Is Making Its Own, Limited Edition Carbon Fibre Surfboard

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But that isn't stopping Tesla from adding surfboards to its clean transportation offerings. However, also like the Flamethrowers , the surfboards are tangible products. If you're a surfer yourself, you might be skeptical about a auto company's ability to create a quality surfboard. One final disappointment: the fins you see on the bottom of the board aren't actually included with the board. Read More »

"Mac Coin" commemorates Big Mac 50th anniversary

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McDonald's is fighting to hold onto customers as the Big Mac turns 50, but it isn't changing the makings of its most famous burger. Last year, the Burger chain sold 1.3 billion BigMacs so it is easy to see why they made the decision to dive into the cryptocurrency world. Read More »

Facebook Might've Just Had The Worst Day In Stock Market History

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Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company. Facebook's stock market valuation also fell by a hefty $120 billion, another dubious record, as it was the worst single-day loss in market value in United States stock history. Read More »

President Trump downbeat ahead of trade talks with EU

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Juncker declared he "had the intention to make a deal today and we made a deal today". The "deal" is short on details and commitments, but includes talks meant to eliminate tariffs on industrial goods. on market access to the USA on soybeans?" So how exactly did Juncker manage to coax this about-face from Trump? That would cut US imports of European cars and auto parts in half, the commission forecast. Read More »

Amazon ad sales top $2 billion, its fastest-growing segment

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That wasn't just a quarterly record for Amazon , but it was almost 13 times bigger than the profit the company recorded in the second quarter a year ago. With a market capitalization of $877bn, the Seattle-based company is squarely in the race with Apple and Alphabet to be the world's first trillion-dollar company. Read More »

Twitter stocks dive 20% as users drop by a million

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Global ad revenue grew 40%, to $308 million - the first time non-U.S. sales represented the majority of total ad revenue. The drop echoed that of Facebook on Thursday, when its shares ended down almost 19 percent after the company said spending to improve privacy and slower user growth in big markets would hit margins for years. Read More »

Facebook is sued after stock plunge 'shocked' market

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Facebook Inc (:FB.O) Chief Executive Mark Zuckerberg's fortune took a more than $ 15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in USA stock market history a day after executives forecast years of lower profit margins. Read More »

Shift in EU-US rhetoric, but trade policy unchanged

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The European Union has warned that it will retaliate with tariffs on products worth 20 billion dollars (£15 billion) if Mr Trump puts duties on cars and vehicle parts from Europe. Secretary of Agriculture Sonny Perdue announced Tuesday a $12 billion plan to borrow money from the U.S. Treasury to pay producers of commodities including soybeans, corn and wheat to compensate for losses due to trade disputes. Read More »

European Union Agrees to Buy More US Soybeans

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He said that the two sides would start negotiations immediately on a number of areas including working toward "zero tariffs" on industrial goods and further cooperation on energy issues. Kansas, which exported more than $4.5 billion in agricultural products in 2016, has much at stake. "But when it comes to services, the U.S. has a trade surplus of €45bn". Read More »

Winning Mega Millions ticket sold in San Jose

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The Mega Millions' website says the San Jose ticket is the sole winning ticket. "I jumped and came right over (to the store)", he said. The $522 million jackpot is the fifth largest in Mega Millions history. There's a new multi-millionaire in California. The names of the MA winners weren't immediately available. Meanwhile, two tickets worth $1 million were sold in New Jersey. Read More »

Saudi Red Sea oil shipments halted after Houthi attack

Kuwait said that it is also considering halting all oil shipments through the Bab al-Mandeb Strait. The Bab al-Mandeb strait, where the Red Sea meets the Gulf of Aden in the Arabian Sea, is only 20 km (12 miles) wide, making hundreds of ships potentially an easy target. Read More »

SEC Commissioner Hester Peirce Objects the Bitcoin ETF Rejection

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This is not the first time that the SEC rejects a Bitcoin ETF . She also states that "unintentionally undermines investor protection". The SEC's concerns are really just the same old exhausted excuses repeatedly trotted out by official regulatory bodies: Bitcoin and digital currencies like it are too susceptible to fraud and other market manipulations . Read More »

May says she will lead Brexit talks from now on

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We want to get that good deal with the European Union, but we have huge benefits here in the United Kingdom, with our entrepreneurship, our innovation, our skillset, our workforces. The announcement comes amid increasing uncertainty about how Britain would finally leave the European Union and whether the two sides could reach a permanent agreement to determine their future relations. Read More »

Facebook (FB) Stock Sinks as Revenue Misses Expectations

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CFO Wehner attributed the slowing growth to currency fluctuations, as well as the company's focus on "growing new experiences such as stories" and "giving people who use the services more choice around privacy". The new privacy law forced several changes to Facebook's privacy terms and sign-up process, leading a minority of users to opt for non-personalized ads, which tend to generate less revenue. Read More »

Trump's Tariffs Threaten Hollywood's China Deals

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He says he'd prefer there be no tariffs or barriers at all. The U.S. Department of Agriculture announced a $12 billion three-part plan that would borrow money from the U.S. leader. "I had one intention today, to make a deal, and we made a deal". Juncker said the United States had agreed to build more LNG export terminals to increase supplies to Europe. Read More »

China to invest $15 billion in South African economy

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Those commitments will help ease worries about the health of the South African economy, which has performed poorly despite investor optimism when Ramaphosa replaced scandal-plagued Jacob Zuma in February. Standard Bank Group Ltd. has allocated 10 billion rand ($751 million) to fund energy projects in South Africa as the continent's largest lender by assets grows more confident in its home market and invests in riskier ventures. Read More »

Former Fiat Chrysler boss Sergio Marchionne has died

And FCA's holding company Exor, which is owned by the Agnelli family, announced his death on Wednesday. "Unfortunately, what we feared has come to pass. Marchionne, who brought Fiat back from the brink of bankruptcy, has been lauded by the Italian press since his serious condition was made known over the weekend. Read More »

Farmers have mixed reactions to Trump's farm aid

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President Trump has blamed trade deals cut by previous administrations for falling soybean prices and pledged to make sure farmers return to their former glory. There's no sign of a quick resolution to the trade dispute. The Trump administration imposed tariffs of 25% on about $34 billion worth of Chinese goods earlier this month and has another $16 billion pending. Read More »

Trump plans a 25-percent tariff on all auto imports

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The aid package, set to begin in September, is mostly created to help soybean farmers, dairies and pork producers. Trump said . "Hope they do it, we are ready - but they won't!" he said. I've had several White House meetings with President Trump to express my concerns in strong terms. It's as simple as that - and everybody's talking! "All will be Great!" Rural and agricultural states supported Trump by wide margins in the 2016 election, and the aid package comes ahead of US mid-term ... Read More »

Mega Millions jackpot at $433M for winning numbers drawing tonight

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The winning numbers will be drawn on Friday at 11 p.m. The second-highest jackpot of $648 million went to two winners in California and one in Georgia on December 17, 2013. Since Mega Millions changed the jackpot rules in October 2017, we can expect a better chance that the jackpots will get bigger and bigger and break more records over time. Read More »

Alphabet 2Q earnings: Here’s what to expect

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Even more shocking is the fact that Google is not now showing ads or doing anything to monetize its audience using Translate. Statistics and market research firm Statista aggregated market share data from StatCounter on Google's dominance in smartphone OS, search engine, and browser market share across select European Union countries in Q2 2018. Read More »

USA farmers to receive up to US$12B in trade war relief

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Republican senators condemned the Trump administration's recently announced plans to bail out USA farmers hit by crippling tariffs on their goods. Sen. "We need access to the export market". "The president writes that the U.S.is a "'piggy bank' that's being robbed". Agricultural Committee Chairman Pat Roberts of Kansas says, "They would much prefer trade, rather than aid". Read More »

Mega Millions jackpot hits $512M for Tuesday night drawing

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The odds of winning the grand prize at the drawing tonight is 1 in 302 million. Tickets cost $2 with an optional "Megaplier" that costs $1 more and multiplies every prize except the jackpot. The $522 million jackpot is the fifth-highest in the game's history. Megaplier is a feature that allows a victor to multiply the original prize amount and is an additional $1 per play. Read More »

Trump offers help to farmers hit by escalating China trade war

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The $12 billion in funding will arrive through direct assistance, a food purchase and distribution program, and a trade promotion program, all paid for by US taxpayers. Sen. Jerry Moran, R-Kan., said the proposal was raised a month ago when senators visited the White House for a broad discussion on trade. Responding in kind, Beijing slapped tariffs worth $34 billion on 545 American goods. Read More »